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New China Life Insurance Logs 67 Billion Yuan in January-April Premium Income
New China Life Insurance (HKG:1336, SHA:601336) recorded a gross premium income of 67.2 billion yuan for the four months ended April 30, a Friday filing on the Hong Kong bourse said. Price (HKD): $18.
Xinhua Insurance (01336.HK): The cumulative original premium income of 67.224 billion yuan in January-April decreased by 11.69% year-on-year
Gelonghui, May 17, 丨 Xinhua Insurance (01336.HK) announced that the company's cumulative original insurance premium income for the period from January 1 to April 30, 2024 was RMB 67,236.6 billion, a year-on-year decrease of 11.69%. The company focuses on value growth and structural optimization, and strives to promote high-quality development, especially in terms of individual insurance channel core business, excellent manpower, and per capita production capacity.
Changes in Hong Kong stocks | China Taibao (02601) rose nearly 4%, leading the rise, domestic insurance stocks, insurance asset-side pressure is expected to ease the lifting of the limit on the number of banking insurance partnerships
The Zhitong Finance App learned that domestic insurance stocks continued to rise. As of press release, China Taibao (02601) rose 3.86% to HK$21.5; Ping An (02318) rose 2.56% to HK$44.1; China Life (02628) rose 2.26% to HK$12.66; and Xinhua Insurance (01336) rose 1.37% to HK$17.8. According to the news, China Aviation Securities pointed out that since mid-April, the insurance sector has continued to fluctuate and rise, mainly benefiting from the expected improvement of pressure on the asset side. First, on April 22, the Ministry of Finance stated that “ultra-long-term special treasury bonds will be launched in a timely manner
Direct impact of changes | Domestic bank insurance stocks collectively rose in early trading, and banking insurance channels recreated major new regulations
On May 10, $Bank Stocks (BK1239) $$Domestic Insurance Stocks (BK1228) $ collectively increased during the morning intraday period. As of press release, $Postbank (01658.HK) $ rose 7.36% to HK$4.52; $Agricultural Bank (01288.HK) $ rose 6.18% to HK$3.78; $CCB (00939.HK) $ rose 6.25% to HK$5.61; $ICBC (01398.HK) $ rose 4.60% to HK$4.55; $China Taibao (02601.HK) $ rose 8.25%
Haitong Securities: What is the impact of falling interest rates on insurance companies' operations?
In the long run, the economic growth rate determines the level of interest rates, and the interest rate center gradually declines as the potential growth rate of the economy declines.
Nomura Adjusts New China Life's Price Target to 30.01 Yuan From 33.07 Yuan, Keeps at Neutral
05:21 AM EDT, 05/08/2024 (MT Newswires) -- Nomura Adjusts New China Life's Price Target to 30.01 Yuan From 33.07 Yuan, Keeps at Neutral Price (RMB): ¥31.61, Change: ¥-0.82, Percent Change: -2.53%
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